Weekly Review of Lead Futures Prices (2025.12.29-2025.12.31) [SMM Lead Weekly Review]

December 31, 2025:

This week, LME lead opened at $2,002/mt. After consolidating at highs early in the week, it experienced a corrective pullback, touching a low of $1,989/mt, before rising again. It fluctuated considerably within the range of $2,000-2,030/mt for most of the week, and saw a slight rebound during the tail-end session. As of 15:00 Beijing time on December 31, 2025, it finally closed at $2,008.5/mt, up by $9/mt, an increase of 0.45%.

This week, the most-traded SHFE lead 2602 contract opened at 17,460 yuan/mt. It continued to fluctuate at highs early in the week, reaching a peak of 17,645 yuan/mt. Mid-week, influenced by a general pullback in the precious metals sector and reduced positions by bulls, SHFE lead saw increased volatility and continued to weaken towards the tail-end session, touching a low of 17,115 yuan/mt, before rebounding slightly. It finally closed at 17,355 yuan/mt, down by 200 yuan/mt, a decrease of 1.14%.

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